Advisor News

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RETIREMENT PLANNING NOV 05, 2015
Here's proof the wealthy really do have more purchasing power

The rich have greater ability to leverage their incomes to buy homes, cars and merchandise.

By Bloomberg
RETIREMENT PLANNING NOV 05, 2015
The 20 richest U.S. cities

These cities had the highest gross metropolitan product per resident, according to data from the U.S. Bureau of Economic Analysis.

By Bloomberg
Bill would give one-time extra Social Security payment to all recipients
RETIREMENT PLANNING NOV 05, 2015
Bill would give one-time extra Social Security payment to all recipients

Sen. Elizabeth Warren, D-Mass., introduced legislation paying $581 to each person receiving retirement benefits to offset no cost of living adjustment in 2016.

By Laura Sanicola
2,500% asset growth projected for robo-advice platforms
FINTECH NOV 05, 2015
2,500% asset growth projected for robo-advice platforms

Led by major firms, assets under management forecast to reach $489B by 2020, Cerulli says.

By Alessandra Malito
Democrats torn between Obama, financial industry on DOL fiduciary rule
RETIREMENT PLANNING NOV 05, 2015
Democrats torn between Obama, financial industry on DOL fiduciary rule

Latest letter threatens to slow the rule-making process while time runs down on the current administration.

By Mark Schoeff Jr.
FINTECH NOV 05, 2015
Study calls out State Street and Invesco to join the robo-game

The ETF “heavyweights” are the ones to watch for a possible platform, according to Silver Lane Advisors.

By Alessandra Malito
Lawmakers chafe at SEC's slog through fiduciary rule process
REGULATION AND LEGISLATION NOV 05, 2015
Lawmakers chafe at SEC's slog through fiduciary rule process

At a House subcommittee hearing, legislators grilled David Grim, director of the SEC's Division of Investment Management, about the timing of a potential rule.

By Mark Schoeff Jr.
FINTECH NOV 05, 2015
Robo says investors want a human touch in retirement accounts

When it comes to 401(k) plans, people want to talk to people.

By Alessandra Malito
ALTERNATIVES NOV 05, 2015
W.P. Carey sets fundraising record in first half

$909 million raised is almost as much as the $1.04 billion the firm raised all of last year.

By Bruce Kelly
MoneyGuidePro, eMoney bring data entry directly to clients
FINTECH NOV 04, 2015
MoneyGuidePro, eMoney bring data entry directly to clients

Two financial planning software firms plan to give advisers option to offload nitty-gritty to clients.

By Alessandra Malito
Google's automatic email reply: Time saver or out-of-office replicator?
FINTECH NOV 04, 2015
Google's automatic email reply: Time saver or out-of-office replicator?

In ultimate Big Brother fashion, Google will analyze your emails — both inbound and outbound.

By Sheryl Rowling
RIA NEWS NOV 04, 2015
Ex-Ameriprise adviser gets 7 years in the slammer for bilking clients

<i>Breakfast with Benjamin</i>: Susan Elizabeth Walker was sentenced to more than seven years in prison for taking over $1 million from clients' accounts.

By Jeff Benjamin
Riskalyze seeks to leverage DOL fiduciary rule with wealth management platform
FINTECH NOV 04, 2015
Riskalyze seeks to leverage DOL fiduciary rule with wealth management platform

Robo-adviser, risk assessment and compliance meet on one dashboard.

By Alessandra Malito
DFA breaks into target date fund market with unique investment approach
EQUITIES NOV 04, 2015
DFA breaks into target date fund market with unique investment approach

Manager is hoping to garner assets in a crowded market through a strategy targeting the stability of investors' retirement income stream.

By Greg Iacurci
Advisers who up the ante with tech have bigger books of business
FINTECH NOV 04, 2015
Advisers who up the ante with tech have bigger books of business

Those who embrace change and use online tools engage more with clients.

By Alessandra Malito
UBS pulls 3 money management units into one
WIREHOUSES NOV 03, 2015
UBS pulls 3 money management units into one

Firm combines equities, multiasset and hedge funds into single division.

By James Comtois
Obama's 'myRA' program for retirement savings launches nationwide
RETIREMENT PLANNING NOV 03, 2015
Obama's 'myRA' program for retirement savings launches nationwide

Plan will be available for those earning a single income below $131,000 a year or $193,000 for married couples.

By Bloomberg
Government officially launches 'myRA' program for retirement savings
RETIREMENT PLANNING NOV 03, 2015
Government officially launches 'myRA' program for retirement savings

Plan will be available for those earning a single income below $131,000 a year or $193,000 for married couples.

By Bloomberg
RETIREMENT PLANNING NOV 03, 2015
Here's where public college tuition is growing the fastest

From 2010 to 2015, tuition for four-year public colleges increased in every state.

By Bloomberg
Bill to stop DOL fiduciary rule poised to pass House today
RETIREMENT PLANNING NOV 03, 2015
Bill to stop DOL fiduciary rule poised to pass House today

Measure that would force DOL to halt its efforts until the SEC acts would move to the Senate next, but Obama threatens a veto.

By Mark Schoeff Jr.